- at the end learners should be able to:
- Distinguish between economics and other social sciences like sociology, ethics etc
- • Understand the meaning of scarcity as used in economics
- • See how scarcity is at the centre of all economic problems
- • Enumerate economic goals and problems
- • Know that it is difficult to arrive at “Pure” economic decisions since the economic problems are closely bound up with political, sociological and other problems
- • Understand the reasons for specialization and Exchange
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